These are smaller homes that will be priced below the existing multi-million dollar homes in the area.

San Francisco is in a severe housing shortage due to decades of exclusionary zoning resulting in underbuilding. This is reflected by its very low vacancy rate that is largely the result of homeowners renovating their homes and landlords in between tenants https://sf.curbed.com/2019/3/21/18276227/vacancy-rate-san-jose-san-francisco-lendingtree